Palverpan: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Palverpan
Largest movements
- Receivables after one year -€26,250
down €26,250 (-89.7%), from €29,250 to €3,000
- Tangible fixed assets -€23,859
down €23,859 (-6.7%), from €355,667 to €331,808
of which Land and buildings: -€22,921
- Receivables within one year -€11,148
down €11,148 (-76.5%), from €14,571 to €3,423
of which Trade receivables: -€10,964
- Intangible fixed assets -€8,000
down €8,000 (-20.0%), from €40,000 to €32,000
- Debts after one year -€59,286
down €59,286 (-19.6%), from €302,384 to €243,098
- Other debts +€33,276
up €33,276 (+46.2%), from €72,054 to €105,331
- Profit (loss) carried forward -€29,647
down €29,647, from €26,051 to -€3,596
- Current portion of long-term debt -€23,726
down €23,726 (-29.5%), from €80,412 to €56,686
- Short-term financial debts +€15,841
up €15,841 (+160.3%), from €9,880 to €25,720
- Gross operating margin -€16,631
down €16,631 (-26.2%), from €63,362 to €46,731
- Staff costs -€9,357
down €9,357 (-23.3%), from €40,192 to €30,835
- Depreciation -€4,719
down €4,719 (-11.9%), from €39,576 to €34,857
- Financial charges -€2,660
down €2,660 (-25.1%), from €10,582 to €7,922
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €569,705 | €500,796 | -€68,909 | -12.1% |
| Fixed assets | 21/28 | €396,067 | €364,208 | -€31,859 | -8.0% |
| Intangible fixed assets | 21 | €40,000 | €32,000 | -€8,000 | -20.0% |
| Tangible fixed assets | 22/27 | €355,667 | €331,808 | -€23,859 | -6.7% |
| Land and buildings | 22 | €352,072 | €329,152 | -€22,921 | -6.5% |
| Plant, machinery and equipment | 23 | €3,101 | €2,656 | -€445 | -14.4% |
| Furniture and vehicles | 24 | €493 | - | -€493 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €173,638 | €136,588 | -€37,050 | -21.3% |
| Amounts receivable after more than one year | 29 | €29,250 | €3,000 | -€26,250 | -89.7% |
| Trade receivables | 290 | €29,250 | €3,000 | -€26,250 | -89.7% |
| Stocks and contracts in progress | 3 | €13,363 | €14,905 | +€1,542 | +11.5% |
| Stocks | 30/36 | €13,363 | €14,905 | +€1,542 | +11.5% |
| Amounts receivable within one year | 40/41 | €14,571 | €3,423 | -€11,148 | -76.5% |
| Trade receivables | 40 | €13,407 | €2,443 | -€10,964 | -81.8% |
| Other amounts receivable | 41 | €1,164 | €980 | -€184 | -15.8% |
| Cash at bank and in hand | 54/58 | €2,839 | - | -€2,839 | |
| Deferred charges and accrued income | 490/1 | €113,615 | €115,260 | +€1,645 | +1.4% |
| Total equity and liabilities | 10/49 | €569,705 | €500,796 | -€68,909 | -12.1% |
| Equity | 10/15 | €72,051 | €42,405 | -€29,647 | -41.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,051 | -€3,596 | -€29,647 | |
| Amounts payable | 17/49 | €497,654 | €458,391 | -€39,262 | -7.9% |
| Amounts payable after more than one year | 17 | €302,384 | €243,098 | -€59,286 | -19.6% |
| Financial debts | 170/4 | €302,384 | €243,098 | -€59,286 | -19.6% |
| Amounts payable within one year | 42/48 | €191,195 | €210,207 | +€19,012 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €80,412 | €56,686 | -€23,726 | -29.5% |
| Financial debts | 43 | €9,880 | €25,720 | +€15,841 | +160.3% |
| Credit institutions | 430/8 | €9,880 | €25,720 | +€15,841 | +160.3% |
| Trade debts | 44 | €24,212 | €17,906 | -€6,307 | -26.0% |
| Suppliers | 440/4 | €24,212 | €17,906 | -€6,307 | -26.0% |
| Taxes, remuneration and social security | 45 | €4,636 | €4,564 | -€72 | -1.6% |
| Taxes | 450/3 | €2,146 | €3,058 | +€912 | +42.5% |
| Remuneration and social security | 454/9 | €2,490 | €1,506 | -€984 | -39.5% |
| Other amounts payable | 47/48 | €72,054 | €105,331 | +€33,276 | +46.2% |
| Accrued charges and deferred income | 492/3 | €4,075 | €5,086 | +€1,011 | +24.8% |
| Remuneration, social security and pensions | 62 | €40,192 | €30,835 | -€9,357 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,576 | €34,857 | -€4,719 | -11.9% |
| Other operating charges | 640/8 | €2,804 | €2,762 | -€43 | -1.5% |
| Gross operating margin | 9900 | €63,362 | €46,731 | -€16,631 | -26.2% |
| Operating profit (loss) | 9901 | -€19,210 | -€21,722 | -€2,512 | -13.1% |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.9% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.9% |
| Financial charges | 65/66B | €10,582 | €7,922 | -€2,660 | -25.1% |
| Recurring financial charges | 65 | €10,582 | €7,922 | -€2,660 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,775 | -€29,644 | +€131 | +0.4% |
| Income taxes | 67/77 | €0 | €3 | +€3 | +10033.3% |
| Profit (loss) for the period | 9904 | -€29,775 | -€29,647 | +€128 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,775 | -€29,647 | +€128 | +0.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.